The actions of Russian oligarch Alexander Shchukin have thrown Cyprus into the whirlpool of worldwide media. In keeping with media stories, the Russian Authorities have requested, by means of Interpol, for particulars of Shchukin’s financial institution accounts and offshore corporations, by means of which some E500 million seem to have been transferred from Russia to Britain. The worldwide media have implicated the Russian tycoon, who’s at present underneath home arrest, in circumstances of battle of pursuits in relation to the possession of coal mines in southwestern Siberia, extortion and illicit acquisitions of belongings.
Particularly, a latest report by Russian website http://www.versia.ru, which was based mostly on an older report by British newspaper The Guardian, refers to Shchukin’s actions and to the suspicious routes of tens of millions of euros from Russia to Britain, by means of corporations with headquarters in Cyprus. It additional notes that Shchukin would use illicit and unfair practices to blackmail his rivals, thus managing to carry coal mines underneath his management, which he would then switch to Cypriot offshore corporations. The Guardian introduced particulars of the way in which Shchukin operated to gentle. In keeping with the British newspaper, the previous director of the “Gramoteyinskaya” and “Tagaryshskaya” mines, Igor Rudyk, was arrested on the unprecedented cost of… having an expired passport! After being detained for 24 days, Rudyk was knowledgeable that he was going through a five-year jail sentence. He later said to The Guardian that that they had provided to launch him, with the situation that he would signal the concession of the coal mines. “I did it because I wanted to get out,” he pressured. In keeping with the report, when the “Gramoteyinskaya” mine got here into Shchukin’s possession, it was transferred to an offshore firm in Cyprus, referred to as “Cyrith Holding”. “All the Russian businessmen knew that London was the best place to have their money and Cyprus the best transit point for this cause,” mentioned versia.ru. The identical report makes intensive reference to the actions of individuals in Shchukin’s shut household circle. Particularly, the husband of Shchukin’s daughter Elena, Ildar Uzbekov, son of a former senior government of Russian power big “Gazprom”, seems to be the person accountable for transferring the capital from Russia to Britain, by way of corporations registered in Cyprus. “According to ancient Greek myth, the goddess Aphrodite was born on the island of Cyprus through the seafoam. Today, this myth has taken a different dimension: ‘dirty and criminal’ capital arrives from Russia to the island of Aphrodite. There it is laundered and then sent to the United Kingdom as clean money,” mentioned versia.ru, including that Shchukin, with the assistance of his son-in-law, transferred some E500 million to the UK by means of Cyprus. Underneath home arrest for bribery with a BMW X5 A unique case of making an attempt to extract a coal mine was the rationale that led to Alexander Shchukin’s arrest, when the corporate’s main shareholder Razrez Inskoy appealed to the Federal Authorities of Russia. Two deputy governors, the pinnacle of the district Crime Investigation Division, the investigator and Alexander Shchukin’s associates had been arrested as properly. In keeping with a report by Russian newspaper Kommersant, Shchukin was charged with extortion and tried bribery. In court docket he admitted to making an attempt to bribe the pinnacle of the district CID with a BMW X5 automobile. At this time, he’s underneath home arrest, whereas the Russian police seem to have utilized to Interpol to analyze all of Shchukin’s offshore corporations and financial institution accounts in Cyprus. Cyprus Authorities “on edge” Whereas the uproar within the US over the strikes of the previous head of Donald Trump’s election marketing campaign, Paul Manafort, by way of Cyprus continues with unabated vigour, the stories over the Shchukin case are intensifying considerations. Both means, the Republic’s Authorities have clarified that Cyprus has made all the mandatory checks and signed agreements with overseas organisations for the very best administration of the phenomenon of tax evasion and cash laundering.
In addition they stress that Cyprus underwent strict checks within the period of the bailout memorandum, whereas it continues to report back to the EU in addition to the IMF as regards cash laundering. The Central Financial institution mentioned in an announcement that it assesses and supervises the implementation of the necessities of the related authorized and regulatory framework for cash laundering by the supervised establishments, based mostly on worldwide and European requirements. Sources: https://www.theguardian.com/business/2015/dec/13/battle-coal-mine-russian-billionaire-uk-lehram